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Date of charging Depreciation

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03 November 2023 If the put to use date of an asset is earlier than the date of capitalisation of that asset in accounts, from which date depreciation to be charged? Will it be incorrect as per schedule 2 or ind as to charge depreciation from PTU date, if asset is booked at a later time.

03 November 2023 Yes charge depreciation from PTU date.
Depreciation of an asset begins when it is available for use as per INDAS.



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